MAG Silver (MAG) Stock Forecast & Price Target

$13.09

+0.14 (+1.08%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Earnings Headlines Ownership Short Interest

MAG Silver - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for MAG Silver in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 1 has given a hold rating, and 4 have given a buy rating for MAG.

Consensus Price Target

$18.88
44.19% Upside

High Forecast	$23.50
Average Forecast	$18.88
Low Forecast	$14.50

According to the 5 analysts' twelve-month price targets for MAG Silver, the average price target is $18.88. The highest price target for MAG is $23.50, while the lowest price target for MAG is $14.50. The average price target represents a forecasted upside of 44.19% from the current price of $13.09.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$18.88	$18.88	$18.25	$21.63
Forecasted Upside	44.19% Upside	50.73% Upside	74.64% Upside	82.68% Upside

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MAG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MAG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

MAG Silver Stock vs. The Competition

Type	MAG Silver	Basic Materials Companies	S&P 500
Consensus Rating Score	2.80	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	44.53% Upside	306.42% Upside	9.14% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/24/2024	HC Wainwright 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$17.00 ➝ $17.00	+25.18%
5/23/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Outperform ➝ Sector Outperform	$13.50 ➝ $14.50	+10.60%
5/15/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$20.25 ➝ $20.50	+56.49%
5/3/2024	Ventum Cap Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Thompson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
9/14/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform ➝ Outperform	$23.50	+121.70%
2/17/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$26.50 ➝ C$26.00
Get the Latest News and Ratings for MAG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for MAG Silver and its competitors with MarketBeat's FREE daily newsletter.
2/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$24.50 ➝ C$25.50
2/7/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$27.00 ➝ C$24.00
11/15/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$24.00 ➝ C$28.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:54 AM ET.

MAG Forecast - Frequently Asked Questions

What is MAG Silver's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for MAG Silver is $18.88, with a high forecast of $23.50 and a low forecast of $14.50.
Should I buy or sell MAG Silver stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last twelve months. There is currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MAG shares.
Does MAG Silver's stock price have much upside?: According to analysts, MAG Silver's stock has a predicted upside of 49.83% based on their 12-month stock forecasts.
Has MAG Silver been downgraded by Wall Street analysts recently?: Over the previous 90 days, MAG Silver's stock had 1 downgrade by analysts.
What analysts cover MAG Silver?: MAG Silver has been rated by research analysts at HC Wainwright, Scotiabank, Stifel Nicolaus, and Ventum Cap Mkts in the past 90 days.
Do Wall Street analysts like MAG Silver more than its competitors?: Analysts like MAG Silver more than other "basic materials" companies. The consensus rating score for MAG Silver is 2.80 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how MAG compares to other companies.